Coinbase Acquires Echo for $375M to Boost Onchain Fundraising
Coinbase Acquires Echo for $375M in cash and stock, integrating Echo’s Sonar protocol into its platform. The Sonar protocol has powered onchain fundraising for nearly 300 projects, helping them raise over $200 million through private group investing and self-custodied public token sales. With this acquisition, Coinbase Acquires Echo’s tools and team led by Jordan “Cobie” Fish, enabling a full-stack solution from project launch to secondary market trading. The deal expands Coinbase’s DeFi offerings and paves the way for tokenized securities and real-world assets. Traders can expect increased transparency and efficiency in token sales, a likely boost to onchain fundraising activity and overall market optimism.
Bullish
This acquisition strengthens Coinbase’s DeFi and fundraising infrastructure by integrating Echo’s Sonar protocol, which has already handled over $200 million in onchain fundraising. In the short term, traders may see increased activity around new token sales hosted on Coinbase, driving volume and liquidity. Over the long term, the move toward a compliant “ICO 2.0” model and expansion into tokenized securities and real-world assets could broaden market participation and boost confidence in onchain fundraising.